Long-term focus, planning, and profitable growth are emphasized in Fazer’s operations. Corporate governance principles are the foundation of management in the company. Daily work is guided by Fazer’s values passion for customer, quality excellence and team spirit, as well as by detailed operating principles. Fazer follows valid legislation and ethical principles when conducting its business. Oy Karl Fazer Ab’s Shareholders’ meeting is the supreme decision-making body in the company.
Fazer has secured that its employees are informed about antitrust issues by compiling instructions in accordance with competitive legislation. The instructions offer guidance on what can and cannot be discussed or agreed on with competitors, suppliers of goods or services, or in different organisations.
An important objective for Fazer is to produce and support economic well-being in its areas of operation. In 2012, Fazer paid 539 million euros in salaries and 24 million euros in taxes, and purchased 957 million euros worth of goods and services from 8,900 suppliers.
In 2012, Fazer Group signed the UN Global Compact and reports each year on its progress in the implementation of the ten principles of the Global Compact.